Mirae Asset Global Investments Co. Ltd. Sells 73 Shares of Chubb Limited (NYSE:CB)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Chubb Limited (NYSE:CB) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,458 shares of the financial services provider’s stock after selling 73 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Chubb were worth $10,665,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Virginia Wealth Management Group Inc. lifted its stake in Chubb by 0.6% in the fourth quarter. Virginia Wealth Management Group Inc. now owns 19,211 shares of the financial services provider’s stock valued at $5,308,000 after acquiring an additional 114 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Chubb by 83.2% in the 4th quarter. Y.D. More Investments Ltd now owns 458 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 208 shares in the last quarter. Alexander Labrunerie & CO. Inc. acquired a new stake in Chubb in the 4th quarter worth about $205,000. Stratos Wealth Partners LTD. raised its position in shares of Chubb by 3.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 8,101 shares of the financial services provider’s stock valued at $2,239,000 after buying an additional 289 shares in the last quarter. Finally, Sargent Investment Group LLC raised its position in shares of Chubb by 5.1% in the 4th quarter. Sargent Investment Group LLC now owns 1,204 shares of the financial services provider’s stock valued at $315,000 after buying an additional 58 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CB. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Price Performance

Shares of NYSE:CB opened at $272.79 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market cap of $109.96 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The business has a 50-day simple moving average of $274.24 and a two-hundred day simple moving average of $279.54.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts expect that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 16.02%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.